Pune: In a major fraud case, an accountant employed at an event management company 'Genesis Inc' has been accused of embezzling ₹2 crore by creating fake records and transferring funds to his own and relatives' accounts. The accused, identified as Yogesh Popat Navale (36), allegedly exploited the trust of the company's partners to carry out the financial scam.
The complaint was filed by Jinendraa Dilip Doshi (38), a resident of Yogi Park, Koregaon Park, at the Koregaon Park Police Station. Based on the complaint, the police have registered a case against Navale and his relatives. The fraudulent activities reportedly took place at the company’s Koregaon Park office from February 2014 to the present.
According to police sources, Genesis Inc operates its office in Connaught Place, where Navale was employed as an accountant. Over time, he gained the confidence of the company's partners, who assigned him the responsibility of managing all financial accounts.
Navale is alleged to have created fictitious entries under the name "CBSE Tax", through which he transferred ₹2 crore from the company’s Axis Bank account to his personal and relatives' accounts in multiple transactions. The partners, unaware of the scheme, assumed these payments were legitimate GST tax payments.
The fraud came to light when the GST department issued a notice to the company, prompting an internal investigation. Upon discovering the irregularities, the company terminated Navale and demanded that he repay the embezzled amount.
When he failed to comply, the company lodged a formal complaint, alleging a ₹2 crore fraud. Police Inspector (Crime) Chetan More has been assigned to investigate the case further.
